Most newbies don’t always have proper knowledge about bitcoin investment before they go into it. When bitcoin price is dropping, there is no way you can stop newbies from panicking, they will definitely be scared, even if you explain to them that they should keep on holding, and bitcoin price is going to bounce back, most of them won’t listen, some of them will end up selling, but with time they will understand how things work. Similar thing happened to me when I started investing in bitcoin, but with time I got to know how things work.
The issue of newbies always being in a rush to invest without having the basic knowldge of Bitcoin seems to happen over and over again because they get into Bitcoin with the mentality of getting rich quick rather than giving trust to what they are buying into. They are curious to see result not curious to learn and what to do to see positive result. What they fail to understand is that, investing in bitcoin is just about putting your money and watching the price on a daily basis, whether it increases or decreases. Its more about understand the fundamentals and principle to what makes it different from other asset worth investing.
Yes, it is certainly true that dips are always good in investment. There are many who invest here without having the slightest knowledge of Bitcoin and want to get rich in a hurry, which can lead to their disappointment and failure. I think if they invest in this valuable asset and their only mindset is to get rich, then I would say that it is not suitable for investment. Because when you invest, you must analyze whether the price is increasing or decreasing, yes, it is certainly true that if you hold it for a long time, then you can achieve success from here. You must wait for dips, if you do not understand and invest in currencies that are not at the top of popularity, then you will be foolish.
You must not wait for dips, in fact if you are a low coiner or no coiner, then waiting for dips is a big mistake and does not show seriousness in your accumulation journey, worst of it all if you've not bought your first bitcoin, then you are settling for being a speculator and allowing procrastination to decide your fate which does not end well most times since you may unintentionally introduce decision fatigue in yourself and would not later buy even in a dip. The best way is to jump right in and start accumulating bitcoin for yourself as long as you've discretionary income present.
Allowing the price movement to determine your buying bitcoin is a big distraction and a heavy display of a trader's mindset rather than an investors' at a time you should show more commitment and consistency to your accumulation of bitcoin.
DCA has presented us the opportunity to buy consistently through different entry points both high and low in order to smoothen the effect of volatility on our investment, and if you're so concerned about dips, you can continue buying while you build out a variance of fund dedicated to buying dip when it presents itself and not totally stalling your accumulation journey in a bid to target dips.
Waiting for dip before buying bitcoin is not for investors but for traders, there is a saying that goes he who fail to plan has plan to fail waiting for dip before buying is like some one who has plan to failed because this will amount to buying just little portion of bitcoin and also having a dead portfolio, as an investor or a low income earners or a new investor waiting for dip will be a wrong choice because your desired dip may not occur even if it happens the money to buy with may not be available so buying regularly will be the best using the dca method because this will make you have enough bitcoin in your portfolio because you have been consistently buying bitcoin with out waiting for any dip to happen.